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Toshiba to Drop Two Board Members as Investors Demand Action

Toshiba Corp. said it will drop two existing directors from its board as major shareholders demanded accountability after a probe showed unfair practices in last year’s selection process. ....

Hiromichi Mizuno , Junji Ota , Takashi Yamauchi , Yoshihide Suga , Paul Brough , Hiroshi Kajiyama , Masaharu Kamo , George Raymond Zage , Ayako Hirota Weissman , Osamu Nagayama , Nobuaki Kurumatani , Nobuyuki Kobayashi , Masayasu Toyohara , Japan Inc , Harvard University , Foreign Exchange , Institutional Shareholder Services Inc , Bloomberg Toshiba Corp , Toshiba Surges , Limit After , Makes Buyout , Bloomberg Toshiba Surges , Makes Buyout Offer , Institutional Shareholder Services , Investment Partners , Thomas Black ,

ISS Recommends Vote Against 5 Toshiba Directors After Probe

Institutional Shareholder Services Inc. is recommending a vote against five Toshiba Corp. board members following an independent probe that showed the company sought government help in an attempt to influence a key shareholder vote that installed its slate of directors. ....

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Toshiba to Drop Two Board Members as Shareholders Demand Action

Toshiba to Drop Two Board Members as Shareholders Demand Action
Bloomberg
3 hrs ago
© Bloomberg
Toshiba Surges 18% Limit After CVC Capital Makes Buyout Offer
(Bloomberg) Toshiba Corp. said it will drop two existing directors from its board as major shareholders demanded accountability after a probe showed unfair practices in last year’s selection process.
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The conglomerate won’t put forward the names of Junji Ota and Takashi Yamauchi for another term, it said in a statement after a special meeting on Sunday. It also won’t reappoint executive officers Masayasu Toyohara and Masaharu Kamo, the company said.
A independent probe showed Toshiba sought government help in an attempt to influence a key shareholder vote that installed its slate of directors. The company “devised a plan to effectively prevent shareholders” from exercising their rights at a July 2020 meeting, working with Japan’s trade ministry to counter ac ....

Hiromichi Mizuno , Junji Ota , Takashi Yamauchi , Yoshihide Suga , Hiroshi Kajiyama , Masaharu Kamo , Ayako Hirota Weissman , Osamu Nagayama , Nobuaki Kurumatani , Nobuyuki Kobayashi , Masayasu Toyohara , Japan Inc , Harvard University , Foreign Exchange , Institutional Shareholder Services Inc , Bloomberg Toshiba Corp , Toshiba Surges , Limit After , Makes Buyout , Bloomberg Toshiba Surges , Makes Buyout Offer , Institutional Shareholder Services , Investment Partners , Chief Executive Officer Nobuaki Kurumatani , Foreign Trade Act , Singapore Based Effissimo Capital ,